Quote:
Originally Posted by Mr.Coffee
I dunno. I tend to agree with him. The business model for the NHL is a bit screwy because their costs are too high (players make too much IMO).
Professional hockey should go the way of the NFL, where all owners pool an annual sum that helps subsidize stadiums.
In this instance the owners will put in a pile of their money to build a new building, but don't forget the massive equity growth they'll get for the team. They'll sink $200MM into the building, but if they turned around the day it was built they'd massively profit.
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The biggest problem is that 'Buildings' are a Depreciating Asset while 'Franchises' are Appreciating Assets.
So yeah, guess which one you want someone else to pay for and which one you want to be sure to own?
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